Cisco Reports Q4 and Fiscal Year 2024 Results
Revenue, Earnings Decline Year-Over-Year
Cisco Systems reported its financial results for the fourth quarter and fiscal year ended July 27, 2024. The company's revenue for the quarter reached $152 billion, while net income on a GAAP basis was $37 billion, marking a decrease compared to the same period last year.
Quarterly Performance
For the fourth quarter, Cisco reported a revenue decline of 13% year-over-year, bringing it down to $127 billion. Non-GAAP earnings per share (EPS) also dropped by 12%, landing at $0.88.
Fiscal Year Summary
Over the entire fiscal year, Cisco reported revenue of $127 billion, along with a net income on a GAAP basis of $37 billion. Both of these figures represent a decline compared to the previous fiscal year.
These results provide a snapshot of Cisco's financial performance in the recent time frame. The company's full annual report summary for 2023 can be found on its website.
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